Here is a short trade I took on USD/CHF this week 

Some pointers on why I took this short trade.

1.       The trend is DOWN.  We can tell because of the trend line I have plotted, but also because price is below the 200 and 72 moving averages not forgetting the succession of LOWER HIGHS and LOWER LOWS

2.       PRICE ACTION! -  Look at the pin bar formations I have circled.  The second of which is bearish and engulfs the previous.  Price tried to push higher above the 200 moving average but this move got rejected. This tells me that the sellers are in control of this market!

3.       Price then moves (quickly) back below the 72 and the 12 moving average.   This to me is confirmation that it’s time to sell.

REMEMBER! -  NEVER TRY TO BEAT THE MARKET! -   JUST IDENTIFY WHAT ITS DOING AND FIND A PLACE WHERE YOU CAN GET INVOLVED!!